I was thinking new kind of plan to buy bitcoin every month from my salary immediately my company paids me but I still have other responsibilities to carry with family so am skeptical about it especially now that the price has no direction. If can afford storing every month in a long run I may realizes half of bitcoin unit and that's a big achievement to buy but to you is funny because you have enough of it. So advise me on what to do! Should I hold on because of the instabilities in price? Or I should buy and store? Over to you
Bitcoin is already highly volatile in nature, that’s why it’s price is always not fixed, sometimes it goes up and sometimes the price drops sharply. But it’s never a hindrance for early bitcoin investors as due to high volatility, their investments value have grown so fast and make them instant millionaires. And it might be that history will still repeat itself. However, if you have tight budget this time OP, then you can invest whenever you can. After all, bitcoin’s value will most likely to ascend in the future, so as long as you have invested even a small number of bitcoin, you will still reap a good amount in the future. 
Topic: Do you still advised more buy and store? - page 12. (Read 2120 times)
Yes whenever possible, buy as many coins as you can. As these Bitcoins are very rare. They are limited in numbers and hence more you buy and accumulate it, more is that chance that you will get immense profits. As the demand for the coin is increasing and the coins are limited, so yes after some specific year, the demand will be so high that the price will go up in order to meet the demand. At that time if you have good amount of Bitcoins in your wallet, then no one can stop you from becoming a millionaire. So yes the strategy of buying the coins each month is really good and looks promising.
Bitcoin is always promising as it is. The more you reserve funds for bitcoin so you can buy and hold, the higher the chances you’ll reap huge amount of profits. However, with your current situation, you can actually save even a little amount after every payday, and then buy a portion of bitcoin whenever you can. Don’t be skeptical when it comes to bitcoin, just do your best so you can provide the needs of your family and also to sustain your bitcoin investment. No matter how small it is at first, once they are compounded, that will form a huge amount of bitcoin in the end. So never doubt what bitcoin can do for you in the future. 
... I believe, another opportunity will definitely come next year 2024 where the price of Bitcoin will decrease to $16,000 for those that save enough money from their working place to buy and hold for the price to increase higher before they can sell to make a good profits.
Do you mean bitcoin will drop to $16k by 2024? What is the cause, and why do you think it will happen? I don't even think it can happen this year, the last bear year, let alone 2024. I really hope bitcoin can drop to $20k again, but I don't think that will happen with what's going on. We will no longer have a chance to see bitcoin at $16k, we will buy bitcoin at a higher price with each passing day. If you wait and don't buy bitcoin now, you will regret it even more in the future. 
I was thinking new kind of plan to buy bitcoin every month from my salary immediately my company paids me but I still have other responsibilities to carry with family so am skeptical about it especially now that the price has no direction. If can afford storing every month in a long run I may realizes half of bitcoin unit and that's a big achievement to buy but to you is funny because you have enough of it. So advise me on what to do! Should I hold on because of the instabilities in price? Or I should buy and store? Over to you
If the coin in your bag is still small then yes it is advisable to buy more but if you think it's already half or almost full, you can hodl it, wait for the bull and sell before restarting again. Your plan is called DCA. It was used by many long-term hodlers. We all have our own responsibilities in life but we must not forget to left something for our self.I think there will always be residual money in your salary right after you divide them in your expenses. That is the amount that we will be using when investing. That shouldn't hurt you much. Bitcoin price will never have a direction. It will always move up and down but during the bull run, we will mostly see an increase and when there is a bear market, the price will mostly go down. Each movements can be use at our advantage.
household welfare should be a top priority for you before thinking about investing in bitcoin. Maintaining a stable balance between expenses and income is very important to ensure that you have enough money to meet your daily needs and also set aside money for savings, as it is important to pay attention to unexpected expenses or urgent needs that may arise in the future.
So, my advice is that once you have enough income to meet the basic needs of your family and still have money left to invest, then you can consider investing. then you can start considering investing in bitcoin. this must be done wisely and must not sacrifice the welfare of the family.
So, my advice is that once you have enough income to meet the basic needs of your family and still have money left to invest, then you can consider investing. then you can start considering investing in bitcoin. this must be done wisely and must not sacrifice the welfare of the family.
So advise me on what to do! Should I hold on because of the instabilities in price? Or I should buy and store? Over to you
I think DCA is one of the best methods to collect Bitcoin gradually and regularly. Because this Method involves buying small amounts of Bitcoin regularly, for example every week or every month, with the same amount at the same time. 
Quote from: Peanutswar
In the stand of the bitcoin currently we are going into the halving for this upcoming year of 2024 and this is a good opportunity to grab on to create a good cash flow and make an investment with the price movement, for me its still ideal to make a hold and store for over a year and waiting for another ATH this can be a good chance to take profit, but if you really need those money short term trading can do so but it takes too much time and effort just to get with the price movement, still depends on the capability of the investor.
Since the price is still moving between $30,000 and $29,000, showed that hold and store for the price to increase higher will be favourable because there is a hope for those that grab the opportunity to purchased a huge amount of Bitcoin last year when the price of Bitcoin decreased to $17,000. I believe, another opportunity will definitely come next year 2024 where the price of Bitcoin will decrease to $16,000 for those that save enough money from their working place to buy and hold for the price to increase higher before they can sell to make a good profits.
In the stand of the bitcoin currently we are going into the halving for this upcoming year of 2024 and this is a good opportunity to grab on to create a good cash flow and make an investment with the price movement, for me its still ideal to make a hold and store for over a year and waiting for another ATH this can be a good chance to take profit, but if you really need those money short term trading can do so but it takes too much time and effort just to get with the price movement, still depends on the capability of the investor.
This buy and store of Bitcoin is really only a method if you believe it will be 100k$ more than its value in the coming bitcoin halving. Perhaps, what we should do is just have proper management in handling bitcoin profit here in the crypto space.
And I also think that what others are saying is correct that we should allocate 10%-50% of what we earn in bitcoin or what we earn if you are an employee or have a business, or it just depends on each individual. For at least with this method we have something in hand at the right time when the value of bitcoin kicks up a lot in the market.
I was thinking new kind of plan to buy bitcoin every month from my salary immediately my company paids me but I still have other responsibilities to carry with family so am skeptical about it especially now that the price has no direction. If can afford storing every month in a long run I may realizes half of bitcoin unit and that's a big achievement to buy but to you is funny because you have enough of it. So advise me on what to do! Should I hold on because of the instabilities in price? Or I should buy and store? Over to you
Invest on the amount which you can afford to lose as always when we do talk about crypto investment.If you are really that afraid about volatility then this place isnt for you because this had been the very normalsituation or simply put up as a basic principle on the time you would be engaging with crypto space or something like Bitcoin.Its price do always moves and this is also the reason that you would really be
able to make money or profits.If you do see that you do have some extra money to spare and buy some bitcoins monthly then its your choice to make.
We know on what its potential and if you do see that opportunity then it isnt bad to consider on making some holds of it for future or long years to come.
I was thinking new kind of plan to buy bitcoin every month from my salary immediately my company paids me but I still have other responsibilities to carry with family so am skeptical about it especially now that the price has no direction.
The first thing and must be the main mindset when investing in Bitcoin or other types of investment is to use FREE MONEY, in the sense that it is money that is truly free and not used for the necessities of life for you and your family. it is money you can afford to loose if used. So when the price drops or suffers a loss, this won't be a big problem. but if you still need the money, especially for your family, my advice is to put your family's interests first and don't force it to invest. Don't make your family affected by your loss. 
To be honest, I encourage you OP to begin with doing Dollar-cost smaller, it is one of the most effective methods to achieve crypto wealth. For further information, kindly check this link .
In addition to that, we all have priorities and responsibilities however, family always comes first. It is certain that the current price of Bitcoin is affordable to purchase. In my opinion, you should find another income with less effort due to you already have main job. The more sources of income, the more extra money to invest. That’s how you could be wealthy but in long term. Possibly, Bitcoin will take a long time to hit ATH again. According to my prediction, it will be achieved by the end of 2024 ( after 150 days of halving ).
In addition to that, we all have priorities and responsibilities however, family always comes first. It is certain that the current price of Bitcoin is affordable to purchase. In my opinion, you should find another income with less effort due to you already have main job. The more sources of income, the more extra money to invest. That’s how you could be wealthy but in long term. Possibly, Bitcoin will take a long time to hit ATH again. According to my prediction, it will be achieved by the end of 2024 ( after 150 days of halving ).
I was thinking new kind of plan to buy bitcoin every month from my salary immediately my company paids me but I still have other responsibilities to carry with family so am skeptical about it especially now that the price has no direction. If can afford storing every month in a long run I may realizes half of bitcoin unit and that's a big achievement to buy but to you is funny because you have enough of it. So advise me on what to do! Should I hold on because of the instabilities in price? Or I should buy and store? Over to you
When it comes to bitcoin, it will be a great advantage in the future if you can start buying and storing it now before it will hit its peak price later on and bring you massive profits. But it also depends on your financial capability. You cannot force yourself to buy a portion of bitcoin when your salary is just enough to cater the needs of your family, that is a very risky decision. Just buy when your finances are ready. For now, save first so you will have something to spend when the right time comes.
If you can afford to invest every month in bitcoin and save it for the long term, this could be a good investment strategy. However, it is important to understand that the price of bitcoin (and other cryptocurrencies) can change at any time, and you should be prepared for possible fluctuations.
If you are unsure if you can handle Bitcoin price volatility, you may want to consider a more conservative approach to investing. For example, you might consider investing in more traditional investment vehicles such as stocks or bonds, which tend to be less volatile, although they also don't guarantee returns.
If you are unsure if you can handle Bitcoin price volatility, you may want to consider a more conservative approach to investing. For example, you might consider investing in more traditional investment vehicles such as stocks or bonds, which tend to be less volatile, although they also don't guarantee returns.
I was thinking new kind of plan to buy bitcoin every month from my salary immediately my company paids me but I still have other responsibilities to carry with family so am skeptical about it especially now that the price has no direction. If can afford storing every month in a long run I may realizes half of bitcoin unit and that's a big achievement to buy but to you is funny because you have enough of it. So advise me on what to do! Should I hold on because of the instabilities in price? Or I should buy and store? Over to you
Don't forget your obligations no matter what you decide to do. Savings are for future use, so if a need occurs and you are unable to take care of it, your savings are useless to you. Investment in bitcoin is a good alternative, but you should only purchase a small portion of it because you don't know what the future may hold for it and its price may rise more than you anticipate.
There has never been a time that bitcoin price was stable and it is not going to be stable in the nearest future.
So, the best i can advice is to buy and store. Lucky part of your proposed idea is that you have another source of income. You can take a little from your salary and buy some bitcoin and hold it for a longer time for maximum profit.
Though nomata the advice you seek or get here, your investment decision is all yours to make.
So, the best i can advice is to buy and store. Lucky part of your proposed idea is that you have another source of income. You can take a little from your salary and buy some bitcoin and hold it for a longer time for maximum profit.
Though nomata the advice you seek or get here, your investment decision is all yours to make.
It would never be stable since it's volatile but you could do an analysis when to enter the market before it continuously pump or much better when it's dump. Buy and HODL also has cons especially if you'll need money, there's no guarantee you'll profit or you might get liquidated by just holding Bitcoin. This is only applicable if you have extra money and does afford to risk the money you'll invest in Bitcoin. Holding for a long time isn't risky as Bitcoin changes it's value from time to time. Of course it's still up to you to go for the risk, still it's a good choice to own Bitcoin and still keep eye on the market. And I agree to your last statement "your money your calls".
I was thinking new kind of plan to buy bitcoin every month from my salary immediately my company paids me but I still have other responsibilities to carry with family so am skeptical about it especially now that the price has no direction. If can afford storing every month in a long run I may realizes half of bitcoin unit and that's a big achievement to buy but to you is funny because you have enough of it. So advise me on what to do! Should I hold on because of the instabilities in price? Or I should buy and store? Over to you
Prioritize your family's needs before investing. Of course it is a decision that I consider very wise for every investor. We may think too much about investing while we let some of our needs go unmet each month. If you can save 20% of your salary, then don't push yourself to save 50% for investments. I will still prioritize needs as the main thing before saving, but I will not forget about investment either.So I hope this advice helps you in managing your finances, especially regarding investment plans and fulfillment of needs. Do not be forced, but just do it naturally however much you can save it.
I was thinking new kind of plan to buy bitcoin every month from my salary immediately my company paids me but I still have other responsibilities to carry with family so am skeptical about it especially now that the price has no direction. If can afford storing every month in a long run I may realizes half of bitcoin unit and that's a big achievement to buy but to you is funny because you have enough of it. So advise me on what to do! Should I hold on because of the instabilities in price? Or I should buy and store? Over to you
If it is fixed income then obviously you should plan and execute your purchases. When we are on fixed payroll we know what’s incoming. Apart from that you can easily figure out expenses for your family. Divide your salary in three basic needs. One is daily expenses which shall include food, water, clothes and rents if any. These are fixed expenses which occurs every month to us. Secondly you can proceed to save up money for illness, insurance or medical stuff basically. Third one is chunk of your salary which should be something that you can use for whatever you want. Now this is where bitcoin comes. It’s up to you how much you are saving for this last chunk and how much you want to spend it on other stuff really. For some it could be mutual fund while others might be all into the bitcoin/crypto investments.
There has never been a time that bitcoin price was stable and it is not going to be stable in the nearest future.
So, the best i can advice is to buy and store. Lucky part of your proposed idea is that you have another source of income. You can take a little from your salary and buy some bitcoin and hold it for a longer time for maximum profit.
Though nomata the advice you seek or get here, your investment decision is all yours to make.
So, the best i can advice is to buy and store. Lucky part of your proposed idea is that you have another source of income. You can take a little from your salary and buy some bitcoin and hold it for a longer time for maximum profit.
Though nomata the advice you seek or get here, your investment decision is all yours to make.
If can afford storing every month in a long run I may realizes half of bitcoin unit and that's a big achievement to buy but to you is funny because you have enough of it.
If someone thinks that stuff is funny then maybe they do something wrong. It's never a funny thing to do whatever you want with your Bitcoin, you can store half of your Bitcoin from your salary and then buy the rest of your salary for the needs of your family, that's pretty much a normal thing that human can do. Don't let down yourself, you've done a good thing to store some and buy the rest of your salary for your family. 
In the stand of the bitcoin currently we are going into the halving for this upcoming year of 2024 and this is a good opportunity to grab on to create a good cash flow and make an investment with the price movement, for me its still ideal to make a hold and store for over a year and waiting for another ATH this can be a good chance to take profit, but if you really need those money short term trading can do so but it takes too much time and effort just to get with the price movement, still depends on the capability of the investor.
I was thinking new kind of plan to buy bitcoin every month from my salary immediately my company paids me but I still have other responsibilities to carry with family so am skeptical about it especially now that the price has no direction. If can afford storing every month in a long run I may realizes half of bitcoin unit and that's a big achievement to buy but to you is funny because you have enough of it. So advise me on what to do! Should I hold on because of the instabilities in price? Or I should buy and store? Over to you
Ignorance is not a laughing matter, and we have all been in your shoes with limited knowledge about Bitcoin. Fortunately, discussions like this can pave the way for progress of everyone here. If you have significant responsibilities, I suggest you prioritize taking care of your family bills before investing the remaining money into Bitcoin. By consistently investing a portion of your paycheck into Bitcoin using the dollar-cost averaging strategy, you can accumulate Bitcoin over time. When you look back, you'll be surprised by how much Bitcoin you've accumulated over the time.
Jump to: